Supply and Demand
NZDUSD - Support becomes resistanceHello Traders !
On the weekly time frame,
The NZDUSD broke the support level (0.57736 - 0.58098).
This key level becomes a new resistance level !
So, I expect a bearish move📉
__________________
TARGET: 0.56075🎯
The exact timing of the Altcoin season !As you know, with the drop in Bitcoin dominance, altcoins yield higher returns compared to Bitcoin. Conversely, when Bitcoin dominance rises, Bitcoin yields higher returns compared to altcoins.
From the point where we placed the red arrow on the chart, it seems that the bearish waves of Bitcoin dominance have begun.
Wave A has been completed, and we are now in Wave B.
Currently, it appears we are in Wave B/X, which is a diametric pattern.
After this diametric, we expect Bitcoin dominance to enter Wave C, which is a bearish wave.
We anticipate that the altcoin season will begin from a high supply level.
This is our perspective on Bitcoin dominance.
Before altcoins undergo further correction, there will be a recovery in wave e of this dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CELH - Reload opportunity?As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32 supply and continue to attempt to break it.
Happy Trading :)
NU - Value Play of the DayObviously a lot can change within the next 20 minutes as Powell prepares his monologue... But just a value play here with NU Holdings - they've shown extremely strong growth over the past few quarters and I believe they continue that growth into next year when the market heats up again. Looking to average into a position here within the $9.50-$10.50 range.
Happy Trading :)
Fluctuations in the box and then liquidity of prices and declineOANDA:XAUUSD
It is a personal analysis.Fluctuations in the box and then liquidity of prices and decline
Unlock Hidden Profits: Pro-Level ETH/USD Price Action TechniquesBITSTAMP:ETHUSD @Alexgoldhunter Price Action Analysis and Strategy
Key Levels and Zones
Order Blocks (OB):
Upper OB: Around 4,020 USD
Lower OB: Around 3,830 USD
Break of Structure (BOS):
BOS Level: Around 3,830 USD
Change of Character (CHoCH):
CHoCH Level: Around 15th, 16th, and 17th of the month
Fibonacci Retracement Levels:
0.786 Level: 3,984.661 USD
0.705 Level: 3,962.3925 USD
0.618 Level: 3,952.993 USD
0.5 Level: 3,930.75 USD
0.382 Level: 3,908.507 USD
Fair Value Gap (FVG):
FVG Level: Around 3,830 USD
Volume Profile:
High volume areas around key levels, indicating strong interest and potential support/resistance.
Buy Strategy
Entry Point:
Consider entering a buy position near the lower OB around 3,830 USD, especially if the price shows signs of reversal or bullish candlestick patterns.
Stop Loss:
Place a stop loss below the lower OB, around 3,800 USD, to limit potential losses.
Take Profit:
Target the upper OB around 4,020 USD or the Fibonacci levels for potential profit-taking.
Sell Strategy
Entry Point:
Consider entering a sell position near the upper OB around 4,020 USD, especially if the price shows signs of reversal or bearish candlestick patterns.
Stop Loss:
Place a stop loss above the upper OB, around 4,050 USD, to limit potential losses.
Take Profit:
Target the lower OB around 3,830 USD or the Fibonacci levels for potential profit-taking.
Conclusion
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels.
Happy trading! 📈📉
If you have any more questions or need further details, feel free to ask!
Follow @Alexgoldhunter for more strategic ideas and minds
NIFTY 50 19th DECEMBER 2024 Yellow Zone
(24,285.45 - 24,259.40): This is a neutral or consolidation zone. If the price breaks above this zone with volume, it might move towards the Red Zone (Resistance levels).
Red Zone
(24,488.20 - 24,367.50): This acts as a resistance area. If the price reaches this zone, watch for rejection or a breakout above it for further upside.
Green Zones (Support levels):
24,086.40 - 24,049.00 (Upper green zone): Immediate support area; a break below this may push the price lower.
23,915.80 - 23,872.85 (Lower green zone): Stronger support, indicating a potential reversal zone.
NIFTY 50 18th DECEMBER 2024Key Levels
Support Levels (Green Lines):
24,222.50: A support area where the price bounced.
24,181.10: Another critical support level and Stop Loss (SL).
24,179.15: Very close to SL, showing the bottom of the current range.
Resistance Levels (Red Lines):
24,367.45: Immediate resistance where price previously rejected.
24,481.10: A significant resistance above, marking a key level of rejection earlier.
24,508.05: The upper resistance zone.
Current Price Movement
24,292.30: Price is currently at this level, slightly recovering from the low.
Price is trading within a box range (highlighted blue/green zone) between 24,181.10 (SL) and 24,367.45 (Resistance).
Trade Setup
Entry: Likely triggered at 24,222.50 (support bounce).
Stop Loss: Around 24,181.10.
Target: Immediate target resistance at 24,367.45.
This setup appears to have a Risk-to-Reward ratio greater than 1:2, which is favorable.
This demand level may be the last stop for GMEI recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this:
1) Price is approaching a nicely unmitigated demand zone.
2) The demand zone created a great deal of imbalance
3) There is liquidity above the demand zone.
4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.
US500Hello friends
This is the resistance area that you see, if the price reaches there and the fall is confirmed, we expect a downward step from it to the specified range.
Be successful and profitable.
ETH TRADE IDEA.ETH has formed a very perfect long setup. I have marked trendline liquidity and also sell side liquidity (SSL) below previous lows. When price will come down to grab that liquidity then I have plan to enter Long in Breaker Block area where I have seen a FVG.
BANKNIFTYBanknifty levels are based on imbalances
1. gapup 52500 long
2. 52500-52000 trade reversal
3. gapdown 52000 short
NIFTYNifty lervels are based on imbalances
1. gapup 24380 long
2. 24380-24220 trade breakout
3. gapdown 24220 short
BTC FORMING A PERFECT TEXT BOOK SETUP.Textbook setup has been formed on BTC. Easy to understand as well.
Nasdaq Futures Today: Short and Long Setups with Key LevelsExplore today's comprehensive analysis of Nasdaq futures for Wednesday, December 18, 2024. Here’s what you’ll discover:
📈 Market Overview: The Nasdaq remains bullish in higher timeframes, but corrections offer exciting opportunities.
📉 Short Setups: Key zones like 22,244 and 22,184 with targets offering 100+ points potential.
📊 Long Scenarios: Opportunities to ride the rally toward historic highs, including setups above 22,334.
This video is ideal for traders seeking actionable strategies and precise levels for both shorts and longs. Don't miss out on identifying high-probability entries!
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Intraday Levels for Nasdaq 100 Futures - 12/18/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
AUDUSD BUY 1 HOUR TIME FRAME Strong Demand Zone
A lot of liquidity up there
Price has to fill the gap eventually
6:29 Risk Reward
Let’s See:)
GALAUSDT.PGALAUSDT.P is showing a strong uptrend, so I’m taking a decisive long position. This marks a fresh and determined comeback for me after stepping away from trading, and I’m now focused on keeping it simple and trusting my eyes to follow where the prices move.
RAIN LONGMomentum is picking up. Good increase in volumes.
Resistance Level 1 : 270
Resistance Level 2 : 385
Support Level : 125
View is negated below 125
Long Term stock.
For short term keep these levels and track the price action on weekly chart.
My view is for educational or study purpose only.
It is not a buy/sell recommendation.
Contact your financial advisor before taking any investment or trade decision.
EMBDL LONGGood Bullish Setup.
Resistance Level 1 : 170
Resistance Level 2 : 240
Support Level : 100
View is negated below 100
My view is for educational or study purpose only.
It is not a buy/sell recommendation.
Contact your financial advisor before taking any investment or trade decision.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
We wanted that extension level 2645 for the long which gave us a nice early session move into the order region today. Excalibur activated short from there and we managed another short ending the day on Gold early due to the pre-event price action.
We're now bouncing support 2630 which needs to hold us up to target that higher order region again where we are expecting price to settle. FOMC tomorrow so please reduce lots and expect the range to start chopping.
As always, trade safe.
KOG
